Eu trade policy

By Nigel Cory It’s well past time to update European Union trade policy for the digital age, as cross-border data flows are an inherent part of the increasingly global economy and international commerce. The European Commission took a step in the right direction with its recently outlined vision for global trade rules covering digital flows. However, the proposed rules create a massive loophole allowing countries to use privacy as a carte blanche justification to enact any and all barriers to data flows—a significant risk given the already expanding range of barriers to data flows around the world. The Commission should revise its proposal and use detailed, nuanced language to narrow its proposal so that it clearly prohibits unjustified barriers to data flows done in the name of “privacy.” Otherwise, the proposal will do more harm than good by putting in place a framework enabling digital trade autarky. The proposal’s opening section prohibits two key … [Read more...] about EU digital trade policy proposal opens a loophole for data protectionism

News / UK and world by Press Association June 9, 2018, 4:41 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Donald Trump accused the European Union of a “brutal” approach to trade with the United States and warned that retaliating to American steel tariffs would be a mistake. The US president accused other states of “robbing” his country through their trade policies. Despite being at odds with other countries at the gathering in Canada, Mr Trump rated his relationship with their leaders as a “10” – naming Germany’s Angela Merkel, French president Emmanuel Macron and Canada’s Justin Trudeau, but not the UK’s Prime Minister. Theresa May has criticised the tariffs and also opposes Mr Trump’s call for Russia to be readmitted to the group of leading industrialised nations. But Mr Trump insisted it would be an “asset” to have Vladimir Putin back at the summit … [Read more...] about Trump warns against EU trade reprisals after stormy G7 summit

close Video Tensions escalate between Trump, world leaders ahead of G7 Trump takes aim at 'unfair' trade deals before departing for Canada; Kevin Corke reports from Quebec. President Trump came out swinging as he entered the G-7 summit in Quebec on Friday, vowing to fight "unfair" trade policies despite terse warnings from U.S. allies over his administration's tough new tariffs. Trump was saluted by Canadian Mounties as he arrived at a military base in Quebec Friday afternoon -- but it is unclear if greetings from G-7 leaders will be as warm. President Trump arrived in Canada for the G-7 summit on Friday. (AP) The Trump administration recently imposed a 25 percent tariff on imported steel and 10 percent on aluminum from Canada, Mexico and the European Union. The move was met with a chorus of condemnation from leaders of the affected countries, tensions likely to carry into the G-7 summit. But Trump, for whom trade has long been an issue close to his … [Read more...] about Trump kicks off G-7 summit with dings at Canada, Europe over trade policies

close Video Tensions escalate between Trump, world leaders ahead of G7 Trump takes aim at 'unfair' trade deals before departing for Canada; Kevin Corke reports from Quebec. President Trump landed in Quebec Friday for what is sure to be a tense G-7 summit amid a war of words with French and Canadian leaders over U.S. tariffs on steel and aluminum. The Trump administration recently imposed a 25 percent tariff on imported steel and 10 percent on aluminum from Canada, Mexico and the European Union. The move was met with a chorus of condemnation from leaders of the affected countries. The administration initially granted a temporary waiver to U.S. allies, but that relief ended this month. But Trump, for whom trade has long been an issue close to his heart, has appeared to relish the battle, particularly with left-wing Canadian Prime Minister Justin Trudeau -- who has repeatedly criticized the tariffs in recent days. Trump says American workers have long suffered from bad … [Read more...] about Trump arrives for tense G-7 summit amid anger from Canada, Europe over trade policies

For companies in Việt Nam, only 31 per cent said the EU policy environment has had a positive impact on their business, while 66 per cent saw no impact.— Photo tinnhanhchungkhoan.vn HCM CITY— Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report. According to the report, Navigator: Now, Next and How for Business, a majority of businesses appear to be ignoring or undermining the impact of important policies on their operations. For companies in Việt Nam, only 31 per cent said the EU policy environment has had a positive impact on their business, while 66 per cent saw no impact. The data was similar for the US policy environment (31 per cent for the EU and 60 per cent for the US), the two major markets for … [Read more...] about Firms must know global trade policy